Flexible Foam Market: Increasing Demand from Automotive Sector to Boost Sales Globally

Overview 

The global flexible foam market, during the forecast period 2022 to 2030, will register growth at a CAGR of 6.45%. The market for flexible foam is set to reach USD 40,428.1 million by 2030. As per flexible foam market analysts, the global market is anticipated to witness growth owing to the factors such as growth across the automotive industry as well as the growing demand from automakers. However, the market will face challenges and restraints due to concerns regarding its environmental impact and strict regulations during the forecast period from 2022 to 2030.

High integration in the automotive segment in the flexible foam market is set to play a key role in determining the growth potential during 2022 to 2030 years. Analysts have also studied the market to understand potential threats and challenges the flexible foam market companies could face. Although the market is poised to grow at a fast pace across type and end-use industries segments, factors such as regulations imposed by governments could slow down the market growth worldwide.

Market Segmentation

The flexible foam market has been segmented into type and end-use industries. Based on the segment which is end-use industries, the market is categorized on the basis of furniture & upholstery ((residential, air filter gaskets)), commercial)) automotive ((seats, construction, consumables)), consumer goods ((clothing & footwear, headrest, household & personal care, packaging, steering wheel. The global market for flexible foam is further segmented based on type into polyurethane (integral, molded, slabstock), polypropylene, polyethylene.

The global market research report covers all the aspects of the market based on the segmental analysis of these type and end-use industries segments. Analysts have also studied the global flexible foam market's regional markets spread across many continents and countries. The type and end-use industries segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from flexible foam market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the market.

Regional Overview

High volatility of prices for raw materials may hinder the market growth. The market research report suggests that companies in the market could be supported by increasing use of the product in use in furniture as well as increasing construction projects during the forecast period. The market report is set to register growth at a high CAGR owing to these key factors and is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global flexible foam market research report reveals that APAC, North America, and Europe regional will dominate the global market for flexible foam during the forecast period 2018 to 2023. As per flexible foam market analysts, the market is set to witness tremendous growth across automotive, packaging, and construction segments in North America which covers across the United States, Canada, Mexico and several other regional markets.

Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering flexible foam markets from India, China, Japan, Australia, and others. The report is also spread across the rest of the world. They cover all such regions including the Middle East, Africa, Brazil, and others.

Competitive Landscape

Flexible foam has seen increased demand over the years, due to the growing demand for flexible foam in different industry verticals and the rise in furniture sector. Companies functioning in the global market are also being challenged due to raw material related concerns and poor demand from underdeveloped countries. Mergers and acquisitions companies are anticipated to help the market during the forecast period 2022 to 2030. As the report is set to register a high CAGR of 6.45% and is also anticipated to reach a USD 39,387.5 million by 2030, the report highlights key areas companies need to focus on. The report suggests that the global market will see a healthy growth in the long run till 2030. Based on SWOT analysis and flexible foam market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions companies are anticipated to help the market during the forecast period 2022 to 2030. 

Industry News

Sleep Innovations, a specialist sleep retailer headquartered in West Long Branch, New Jersey, has agreed to purchase foamer Flexible Foam Products Inc. Sun Capital Partners Inc., a private equity company specialising in leveraged buyouts, owns Sleep Innovations. The confidential transaction's details were not revealed. Sun Capital has branches in New York, as well as international franchises. The company bought Sleep Innovations in 2012 and has interests in other mattress companies such as International Bedding Corp. and Mattress Business.
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